Monday, July 26, 2010

2010-07-26


1: daily is flat up, 3hourly up, hourly up, bounce from ema62 twice, 15minute flat 5 flat
2: News to come is: 7:00 New home sell.
3: What's the main event just happened that move the market? and is it trendy? choppy ranging with 1.2900 and 1.2960, with US invest bank sell and mid east buyer.. now trade at 1.2930.

4: What do you think the market will do today? choppy all day.

5: Were you right about the market? (After the trading session)
It was very very difficult to trade today, there is no trend and support / resist didn't work well in this ranging market either. the price action were choppy and techincals are all out of the door.

6: What's the trade? Is it related to the previous loser or winner?
buying if it breaks above 1.2960 short if it drops 1.2900, range trade in between
Do you take half at 1R?
Is it follow the rules?
How many pips it risk?

6: What's the trade? I
s it related to the previous loser or winner?
Do you take half at 1R?
Is it follow the rules?
How many pips it risk?

what's the daily limit and daily risk now? 60/20/3

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